Tristar Finance Mortgage Rates, Fees & Info

KIRKLAND, WA

LEI: 54930004MLYQ2HKUPN66

Tax ID: 20-5066025

5 stars - Updated: 12/3/24 - out of 5 stars, based on 11 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Tristar Finance is a smaller mortgage company specializing in Home Purchase loans. Tristar Finance has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Seattle, Wenatchee, Colorado Springs, San Francisco, and Bremerton among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)

Tristar Finance has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Tristar Finance is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.17% 12/3/24
30 Year Conventional Refi 5.96% 12/3/24
30 Year Cash-out Refi 6.47% 12/3/24
30 Year FHA Purchase 7.86% 12/3/24
30 Year VA Purchase 6.01% 12/3/24
30 Year VA Refi 5.56% 12/3/24
15 Year Conventional Purchase 5.36% 12/3/24
15 Year Conventional Refi 5.68% 12/3/24
15 Year Cash-out Refi 5.68% 12/3/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Tristar Finance Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Tristar Finance. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

124

Origination Dollar Volume (All Markets)

$81,170,000

Relative Rate

Tristar Finance's average 30 year fixed mortgage rate was 6.72%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.24%.

Relative Fees (Closing Costs)

Tristar Finance's average total fees/closing costs for a 30 year fixed rate mortgage were $7,910.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 102 $70,180,000 $688,039 $7,832 6.86%
Outside of Metro Areas 2 $1,970,000 $985,000 $10,840 6.25%
WENATCHEE, WA (FHA|USDA|VA) 2 $1,730,000 $865,000 $29,225 8.38%
COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $960,000 $480,000 $5,296 6.38%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $955,000 $955,000 $32,143 5.25%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $725,000 $725,000 $6,163 6.99%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $625,000 $625,000 $5,970 8.63%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $505,000 $505,000 $6,350 6.88%
FRESNO, CA (FHA|USDA|VA) 1 $485,000 $485,000 $3,314 6.38%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $415,000 $415,000 $3,724 6.50%
YAKIMA, WA (FHA|USDA|VA) 1 $385,000 $385,000 $4,850 5.50%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $345,000 $345,000 $4,718 5.63%
Sandpoint, ID (FHA|USDA|VA) 1 $345,000 $345,000 $6,596 6.99%
CHICO, CA (FHA|USDA|VA) 1 $305,000 $305,000 $4,416 6.63%
Russellville, AR (FHA|USDA|VA) 1 $275,000 $275,000 $5,981 8.00%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $245,000 $245,000 $5,216 7.38%
Altus, OK (FHA|USDA|VA) 1 $235,000 $235,000 $6,481 5.75%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $205,000 $205,000 $4,242 6.50%
Kingsville, TX (FHA|USDA|VA) 1 $165,000 $165,000 $6,992 7.00%
PITTSBURGH, PA (FHA|USDA|VA) 1 $115,000 $115,000 $5,953 6.99%
Tristar Finance's top markets include Seattle, Wenatchee, Colorado Springs, San Francisco, and Bremerton among others.

Their top states include:
  • Washington (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Montana (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against TRISTAR FINANCE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    LO, INC.
    Similarity Rank: 492
    CU HOME MORTGAGE SOLUTIONS, LLC
    Similarity Rank: 693
    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 1276
    MORTGAGE LENDING GROUP LLC
    Similarity Rank: 1408
    America's Credit Union
    Similarity Rank: 1610
    South Pacific Financial Corporation
    Similarity Rank: 1716
    East West Bank
    Similarity Rank: 1739
    SOUND
    Similarity Rank: 1782
    PULTE MORTGAGE LLC
    Similarity Rank: 1988

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 114 $72,590,000 $636,754 $7,284 6.91%
    VA 8 $7,200,000 $900,000 $15,011 6.11%
    FHA 2 $1,380,000 $690,000 $26,125 6.00%

    For 2023, Tristar Finance's most frequently originated type of loan was Conventional, with 114 originations. Their 2nd most popular type was VA, with 8 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 99 $63,205,000 $638,434 $7,675 6.73%
    Refi 13 $12,035,000 $925,769 $11,101 7.18%
    Cash Out Refi 12 $5,930,000 $494,167 $8,217 7.43%

    For 2023, Tristar Finance's most frequently cited loan purpose was Home Purchase, with 99 originations. The 2nd most popular reason was Refi, with 13 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 115 $73,585,000 $639,870 $7,910 6.72%
    Other 5 $6,215,000 $1,243,000 $13,853 10.39%
    15 Year 3 $1,055,000 $351,667 $6,343 5.96%
    20 Year 1 $315,000 $315,000 $4,702 6.38%

    For 2023, Tristar Finance's most frequently cited loan duration was 30 Year, with 115 originations. The 2nd most popular length was Other, with 5 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 30 $18,390,000 $613,000
    $5k+ 30 $19,760,000 $658,667
    $2k-3k 27 $19,295,000 $714,630
    $<1k 25 $19,105,000 $764,200
    $3k-4k 7 $2,555,000 $365,000
    $4k-5k 5 $2,065,000 $413,000

    Tristar Finance's average total fees were $7,910, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 30 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 62 $36,070,000 $581,774
    5-6% 24 $19,600,000 $816,667
    7-8% 24 $13,100,000 $545,833
    Over 8% 13 $11,795,000 $907,308
    4-5% 1 $605,000 $605,000

    During 2023, Tristar Finance's average interest rate for loans was 6.72%, while their most frequently originated rate bucket for loans was 6-7%, with 62 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 42 $20,750,000 $494,048 $7,498 6.78%
    $600k-1MM 42 $31,450,000 $748,810 $8,912 6.68%
    $200k-400k 24 $7,440,000 $310,000 $6,149 7.06%
    $1MM+ 13 $21,125,000 $1,625,000 $11,506 7.18%
    $100k-200k 3 $405,000 $135,000 $5,432 6.91%

    2023 saw Tristar Finance place emphasis on $400k-600k loans with 42 originations, totaling $20,750,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 48 $43,880,000 $914,167 $8,943 6.99%
    $150k-250k 41 $22,575,000 $550,610 $7,415 6.62%
    $100k-150k 22 $9,890,000 $449,545 $7,354 6.58%
    $75k-100k 8 $3,530,000 $441,250 $7,796 7.26%
    $50k-75k 2 $360,000 $180,000 $2,788 6.88%
    $50k or less 1 $115,000 $115,000 $5,953 6.99%

    Tristar Finance lent most frequently to those with incomes in the $250k+ range, with 48 originations. The second most popular income band? $150k-250k, with 41 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 22 $12,160,000 $552,727 $5,167 6.82%
    30-36% 20 $12,630,000 $631,500 $8,261 6.57%
    <20% 13 $7,085,000 $545,000 $8,326 7.06%
    >60% 8 $7,300,000 $912,500 $11,481 8.70%
    39% 8 $6,840,000 $855,000 $7,580 6.28%
    47% 6 $3,870,000 $645,000 $14,523 6.50%
    49% 5 $2,755,000 $551,000 $8,282 7.13%
    41% 5 $2,705,000 $541,000 $9,544 7.05%
    48% 5 $4,005,000 $801,000 $5,345 7.03%
    50-60% 5 $5,095,000 $1,019,000 $22,137 6.30%
    46% 5 $3,035,000 $607,000 $6,708 6.30%
    45% 4 $2,890,000 $722,500 $5,007 6.78%
    40% 4 $4,160,000 $1,040,000 $3,966 6.44%
    42% 4 $2,420,000 $605,000 $4,771 6.44%
    36% 3 $1,125,000 $375,000 $4,424 6.67%
    43% 3 $1,395,000 $465,000 $7,173 7.21%
    44% 2 $800,000 $400,000 $5,177 6.50%
    38% 2 $900,000 $450,000 $7,864 7.25%

    Tristar Finance lent most frequently to those with DTI ratios of 20-30%, with 22 originations. The next most common DTI ratio? 30-36%, with 20 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 61 $43,645,000 $715,492 $8,740 7.00%
    Asian 39 $23,765,000 $609,359 $6,793 6.52%
    Not provided 19 $10,945,000 $576,053 $6,558 6.99%
    Black 3 $1,285,000 $428,333 $10,216 6.83%
    American Indian 1 $955,000 $955,000 $32,143 5.25%
    Native Hawaiian or Islander 1 $575,000 $575,000 $17,285 8.63%

    Approval Rates

    Total approvals of all applications
    100.00%

    Tristar Finance has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    75.81%

    Tristar Finance has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 124 $81,170,000 $654,597

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    124 $81,170,000 $654,597

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $2,820,000 $705,000 $4,266 6.41%
    40-60% 22 $13,630,000 $619,545 $8,910 6.90%
    60-80% 58 $37,540,000 $647,241 $7,952 7.03%
    80-100% 39 $26,505,000 $679,615 $7,995 6.59%
    Over 100% 1 $675,000 $675,000 $16,604 6.63%